Items Tagged ‘private spending’

April 12, 2013

New Mayo plan drops tax capture piece

By Logan Lafferty Logan Lafferty (@loganlafferty)

A complicated tax capture plan sought by the Mayo Clinic to assist in a 20-year growth plan is being dropped in favor of state aid payments directly tied to the amount of private spending on the development. The revisions to the Mayo proposal were coming Friday in the Senate Taxes Committee. The Associated Press obtained […]

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Tags: destination medical center, DMC, MPR, private spending, Senate Taxes Committee, state aid, state funding, tax capture

February 7, 2013

Mayo Clinic expansion bill introduced

By Logan Lafferty Logan Lafferty (@loganlafferty)

A bill that would give the Mayo Clinic $585 million in taxpayer money to develop downtown Rochester has been introduced at the Legislature…Rep. Kim Norton, DFL-Rochester, is the chief author of the House bill. She says the public subsidy is needed to support Mayo’s private spending. “It’s going to be kind of fast and furious in the […]

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Tags: downtown Rochester, MPR, private spending, public subsidy, Rep. Kim Norton, taxpayer money

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